[LegitShady]

without the illegal use cases to pump up the value of the coin, you're basically converting your currency to digital IOUs that fluctuate in price and there's no reason for them to have any value at all. The thing that gives all of these coins values is speculation due to all the scams and illegal money moving.

[pfisch]

The far majority of the value in gold is essentially speculation as well, so I don't see a big difference.

[LegitShady]

one is a non expiring real world good with uses outside of speculation, and the other is a digital certificate of ownership of a number on a blockchain. If you truly cannot see the difference between the two, no one can help you.

[pfisch]

I agree those are differences. I don't agree that the source of the valuation of these goods has anything to do with the differences you listed.